AFC Reports solid Q3 for Popeyes Chicken & Biscuits

ATLANTA — AFC Enterprises Inc., the franchisor and operator of Popeyes Chicken & Biscuits, reported a solid third quarter which ended Oct. 1, 2006.

 

Popeyes total domestic same-store sales increased 0.2 percent, net income was $5.9 million, and revenue rose to $36 million, a $4.8 million increase. According to a news release, this revenue boost was comprised of approximately $3.8 million from the 13 franchised restaurants the company acquired in the Memphis and Nashville, Tenn., markets in the second quarter of 2006 and a $900,000 increase in franchise revenues, driven primarily by sales from new franchised restaurants.

Popeyes opened 26 restaurants, increasing year-to-date openings to 92 restaurants, 15 percent higher than the same period in 2005.